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GM shifts Corvette engineering team to its electric and autonomous vehicle programs

GM is moving the engineering team responsible for the mid-engine Chevrolet Corvette to the company’s electric and autonomous vehicle programs to “push the boundaries” on what its future EV battery systems and components can deliver, according to an internal memo. The memo, sent by Doug Parks, GM’s executive vice president of global product development, purchasing… Continue reading GM shifts Corvette engineering team to its electric and autonomous vehicle programs

GM, Ford wrap up ventilator production and shift back to auto business

As the COVID-19 pandemic spread to the United States, a number of automakers and other manufacturers announced plans to retrofit factories to help ease the shortage of personal protective gear and ventilators. Now, two U.S. automakers have fulfilled their separate multi-million-dollar ventilator contracts — together delivering 80,000 of the devices to the U.S. government. General… Continue reading GM, Ford wrap up ventilator production and shift back to auto business

Ford to cut 1,000 salaried jobs in U.S. amid overhaul

Ford Motor Co. is planning to eliminate 1,000 white-collar jobs in the United States by the end of the year, two sources close to the situation confirmed Tuesday, another step in its years-long, $11 billion restructuring. The reductions, to be achieved under a voluntary program, are not a reaction to the COVID-19 pandemic that interrupted… Continue reading Ford to cut 1,000 salaried jobs in U.S. amid overhaul

Nissan dealers get ready for new EV green plates

Nissan dealers are preparing for new green plates for electric vehicles (EV). The plates are being brought in especially for electric vehicles and feature a green flash on the left-hand side to highlight the fact that EVs are emission-free. As 70-plate models are introduced at Nissan dealers, trial green numberplates have been fitted to show… Continue reading Nissan dealers get ready for new EV green plates

Tesla aims to raise $5bn in its biggest issue of new stock in a decade

Tesla Electric carmaker seeking to take advantage of almost 1,000% surge in share price The move comes a day after Tesla completed a 5-for-1 stock split that led to co-founder Elon Musk overtaking Facebook’s Mark Zuckerberg as the world’s third-richest person. Photograph: John Raoux/AP Tesla is aiming to raise up to $5bn (£3.7bn) in its… Continue reading Tesla aims to raise $5bn in its biggest issue of new stock in a decade

Tesla taps market rally keg, announces $5B stock sale

Tesla said Tuesday will sell up to $5 billion in new stock as the company seeks to take advantage of an unprecedented run up in its share price. Tesla will sell the shares from “time to time,” through an “at-the-market” offering program, the company said Tuesday in a filing with the U.S. Securities and Exchange… Continue reading Tesla taps market rally keg, announces $5B stock sale

Honda rejigs variant line-up of fourth-gen City

Honda Cars India (HCIL) has rejigged the grade line-up of the fourth-generation City sedan, which, in a maiden ‘dual-model’ strategy for the carmaker, is continuing to be sold in the market even as it has launched the new model on July 15. While the new fifth-generation City has been introduced in V, VX and ZX… Continue reading Honda rejigs variant line-up of fourth-gen City

Spyker Receives Funding From Russian Bank Magnate – Motor Trend

Spyker Receives Funding From Russian Bank Magnate  Motor Trend Bespoke Auto Manufacturer Spyker Is Back  Forbes Spyker Comes Back to Life the Old-Fashioned Way—Russian Ogliarch Money  The Drive Spyker, SMP Partnership to Include Racing Return – Sportscar365  Sportscar365 Spyker aiming to revive sports cars and even an SUV with new backers  Autoblog View Full coverage on Google News Go to… Continue reading Spyker Receives Funding From Russian Bank Magnate – Motor Trend